Industry Evidence on the Effects of Government Spending
---- Acknowledgements -----
Valerie Ramey gratefully acknowledges financial support from National Science Foundation grant SES-0617219 through the National Bureau of Economic Research. We thank Robert Barro, Min Ouyang, and Gary Richardson for very useful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the Board of Governors of the Federal Reserve System, its staff, or the National Bureau of Economic Research.